Download or read book Three Essays on Risk Management and Irrigation Water Demand in Agriculture written by Pin Lu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both extensive (share of insured acres in total insurable acres) and intensive (coverage level choice) margin participation rates in the U.S. crop insurance program have increased due to generous subsidies. On a national scale, this program has been well rated to satisfy the actuarial fairness requirement by USDA Risk Management Agency. However, sizeable spatial heterogeneity remains across the Great Plains and Corn Belt regions. If subsidies were to be reduced in the future because of financial constraints, such heterogeneity might be detrimental to the sustainability of the crop insurance program. A central theme of this dissertation is to investigate how farmers make participation decisions when risk factors exist. In a separate but related line of work, this dissertation also explores the irrigation water usage in the Great Lakes region because farmers' irrigation behavior reflects their risk preferences and impacts their incentives for enrolling in the program. The dissertation consists of three essays on farmers' decisions regarding premium mispricing, basis risk, and irrigation water usage. The first essay proposes a novel resampling procedure to estimate farm-level actuarially fair premiums. The resampling procedure mainly contains two parts: (i) semi-parametric quantile regression; and (ii) rejection method. Many previous studies explore whether county-level mispricing exists based on the historical loss ratio records. However, we can identify farm-level mispricing by imputing actuarially fair premiums based on historical yield records, consistent with theory. We find that farmers with lower land quality cropland paid fewer premiums than they should, but a contrary case happens for farmers with higher land quality cropland. Empirical evidence shows farmers may be more concerned about mispricing than subsidy transfer. Regression results support a conclusion that such farm-level mispricing deters farmers' crop insurance demand. Our analysis sheds light on the policy-making that: (i) mispricing may be a substitution of subsidy so mitigating mispricing can maintain high participation while saving subsidies; and (ii) imputation of premiums based on historical yield records can apply.The second essay focuses on the impact of basis risk on participation rates in the U.S. crop insurance program. In recent years, basis risk has been increasingly recognized as an essential driver for deterring insurance uptake. Most research concentrates on index insurance contracts; however, few investigate the effect of mismatch between cash and futures markets on farmers' insurance decisions. We first build a conceptual model to show farmers' acreage response to basis risk within the expected utility framework. Next, we apply the Fractional Probit with Control Function for the empirical analysis and find that the effects of basis risk on participation rates are significantly negative for nearly all insurance contracts. Our analysis implies that: (i) to remove basis risk, revision for revenue contract may be considered; (ii) subsidy structure may be adjusted to be consistent with the underlying basis risk. The third essay investigates irrigation water usage in the Great Lakes region. Although the water conservation policy was implemented, there has been an upward trend in irrigation water demand from 2003 to 2018, including irrigated acres and total water usage. We employ firm-level irrigation data to examine what factors impact farmers' response to irrigation water usage. We find that: (i) price elasticities vary significantly according to model specifications and water costs; (ii) demand at both extensive (irrigated acres) and intensive (water application per acre) margins is input price inelastic; and (iii) price elasticities are homogeneous across crops but heterogeneous across states. For the policy-making, if there is a 10% tax on irrigation water cost, total water usage decreases by about 4% for corn and soybean, respectively.
Download or read book ESSAYS ON AGRICULTURAL RISK MANAGEMENT AND WATER USE AND RECREATIONAL FISHING PARTICIPATION AFTER ECOLOGICAL DISRUPTION BY AN INVASIVE SPECIES written by Truong Nhut Chau and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three essays. The first two essays pertain to the relationship between crop insurance and irrigation management decisions in U.S. agriculture. Irrigation is used as a tool to mitigate the risks of insufficient rainfall and accounts for the majority of water consumption among all water uses. Given growing concerns of future water resource reliability in many areas of the U.S., it is important to understand the relationship between other agricultural risk management strategies and irrigation. The first essay examines how changes in crop insurance coverage affect irrigated land use. This essay takes advantage of major changes in federal crop insurance policy in the mid-1990s. It utilizes an instrumental variable approach to identify the effects of coverage on irrigated land use decisions. The results indicate that increases in coverage, measured as premium per acre, increase the area of irrigated cropland by Western irrigators. In the East, increased coverage is found to decrease the number of irrigated acres.To better understand the relationship between crop insurance and agricultural water demand, the second essay uses producer-level data from 2003-2013 to estimate coverage effects on water use. The results indicate that an increase in coverage decreases the water application rate, reducing total water use for Western producers. For Eastern producers, the relationship between coverage and irrigation is positive but insignificant. This study provides further evidence to suggest that ignoring regional differences can mask the true relationship between coverage and irrigation decisions. The third essay examines the relationship between invasive Asian carp and recreational fishing participation. Bighead (Hypophthalmichthys nobilis) and Silver (Hypophthalmichthys molitrix) carp, commonly known as Asian carp, are aquatic invasive species that have spread throughout the Mississippi River System. Asian carp have the potential to alter local aquatic ecosystems with negative implications on recreational activities. This study examines the impact that Asian carp has had on recreational fishing participation in states where the carp have become established. After controlling for state-specific linear trends, generalized Difference-in-Difference estimates indicate that the presence of Asian carp has not had any causal effect on recreational angling activity, either as measured by fishing license sales or by days spent fishing. Both wild cluster and moving block bootstraps are implemented to correct for potentially biased variance estimates under finite cluster properties.
Download or read book Three Essays on the Economics of Water Management in Agriculture written by Mani Rouhi Rad and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays Addressing Production Economics and Irrigation written by Mark Sperow and published by . This book was released on 1998 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A P Giannini and the Giannini Foundation of Agricultural Economics written by Giannini Foundation of Agricultural Economics and published by Giannini Foundation of Agricultural Economics University of California. This book was released on 2009 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2007 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book American Doctoral Dissertations written by and published by . This book was released on 2000 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Economic Development written by Paul Conal Winters and published by . This book was released on 1996 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Giannini Reporter written by and published by . This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American Economic Review written by and published by . This book was released on 1986 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Issues of Water Management in Agriculture written by and published by . This book was released on 2003 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Use of Economic Valuation in Environmental Policy written by Phoebe Koundouri and published by Routledge. This book was released on 2009-06-11 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Use of Economics in Implementing European Environmental Policy is a timely exploation of the use of the Choice Experiment and Contingent valuation methods in different parts of Europe in order to inform environmental policy. Koundouri focuses predominantly on water, wetland, forest and agricultural management and her book includes results, both methodological and empirical, from a recent research project.
Download or read book Current Issues in the Economics of Water Resource Management written by P. Pashardes and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and further empirical work using more data and alternative (nonlinear) demand functions, is needed to show the practical implications of the arguments put forward by the Martinez-Espineira's paper. Static empirical consumer demand functions estimated with aggregate data are well known to suffer form serial correlation and other statistical problems asso ciated with misspecified dynamics. These dynamics arise because consumers do not react immediately to a change in prices due to their largely predetermined lifestyle. In the case of demand for water, for example, current purchases can be largely predetermined due to commitments arising from past purchases such as swimming pools, bathtubs, dishwashing machines, etc. Muellbauer and Pashardes (1992) show that the autoregressive nature of consumer demand data can be cap tured in a theoretically consistent manner by incorporating intertemporal aspects of consumer behaviour in the model through habit formation and durability.
Download or read book Drought risk management a strategic approach written by Speed, Robert and published by UNESCO Publishing. This book was released on 2016-09-19 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Innovative Saline Agriculture written by J.C. Dagar and published by Springer. This book was released on 2016-08-10 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The land degradation due to salinity and waterlogging is a global phenomenon, afflicting about one billion hectares within the sovereign borders of at least 75 countries. Besides staring at the food security, it has far reaching and unacceptable socio-economic consequences since a large proportion of this land is inhabited by smallholder farmers. The anthropogenic-environmental changes and the climate change are further adding to the problem of salinity and waterlogging. The phenomenon of sea-level rise will bring more areas under waterlogged salinity due to inundation by sea water. Thus, dealing with the salinity in reality is becoming a highly onerous task owing to its complex nature, uncertainty and differential temporal and spatial impacts. Nevertheless, with the need to provide more food, feed, fuel, fodder and fiber to the expanding population, and non-availability of new productive land, there is a need for productivity enhancement of these lands. In fact, the salt-affected and waterlogged lands cannot be neglected since huge investments have been made throughout the world in the development of irrigation and drainage infrastructure. The social, economic and environmental costs being high for theon-and/off-farm reclamation techniques, saline agriculture including agroforestry inculcated with modern innovative techniques, is now emerging as a potential tool not only for arresting salinity and waterlogging but for other environmental services like mitigate climate change, sequester carbon and biodiversity restoration. This publication attempts to address a wide range of issues, principles and practices related to the salinity involved in rehabilitation of waterlogged saline soils and judicious use of saline waters including sea water. Many of the site specific case studies typical to the saline environment including coastal ecologies sustaining productivity, rendering environmental services, conserving biodiversity and mitigating climate change have been described in detail. Written by leading researchers and experts of their own fields, the book is a must, not only for salinity experts but also for policy makers, environmentalists, students and educationists alike. More importantly, it contributes to reversing the salinity trends and teaches to sustain with salinity ensuring the livelihood of resource-poor farming families leaving in harsh ecologies including coastal areas which are more vulnerable to climate change.
Download or read book A Better Planet written by Daniel C. Esty and published by Yale University Press. This book was released on 2019-10-22 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical, bipartisan call to action from the world’s leading thinkers on the environment and sustainability Sustainability has emerged as a global priority over the past several years. The 2015 Paris Agreement on climate change and the adoption of the seventeen Sustainable Development Goals through the United Nations have highlighted the need to address critical challenges such as the buildup of greenhouse gases in the atmosphere, water shortages, and air pollution. But in the United States, partisan divides, regional disputes, and deep disagreements over core principles have made it nearly impossible to chart a course toward a sustainable future. This timely new book, edited by celebrated scholar Daniel C. Esty, offers fresh thinking and forward-looking solutions from environmental thought leaders across the political spectrum. The book’s forty essays cover such subjects as ecology, environmental justice, Big Data, public health, and climate change, all with an emphasis on sustainability. The book focuses on moving toward sustainability through actionable, bipartisan approaches based on rigorous analytical research.
Download or read book Comprehensive Dissertation Index written by and published by . This book was released on 1989 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt:
